Harmony includes on projects in the Binance Smart Chain is Harmony one. This platform was created aimed to address blockchain scalability issues.
Harmony ONE develops blockchain using a scalable, secure, and energy-efficient sharding method using Proof of stake consensus. With the price of $0.229 and a market cap of over $2 billion at the time of writing. WIll Harmony ONE hit $1?
- 1 What is Harmony ONE cryptocurrency?
- 2 How do Harmony ONE works?
- 3 Harmony ONE founder
- 4 When did Harmony ONE launch
- 5 Does Harmony ONE have a max supply?
- 6 How much Harmony ONE to stake?
- 7 How to buy Harmony ONE coin?
- 8 What exchanges have Harmony ONE?
- 9 Harmony ONE price prediction
- 10 What will Harmony ONE be worth in 2030?
- 11 Can Harmony ONE hit $1?
- 12 Harmony price by Tradingview
- 13 Final Thought
What is Harmony ONE cryptocurrency?
One of them is Harmony (ONE) which aims to innovate how decentralized applications work by focusing on sharding. With sharding, it makes the creation of a new block only occur in a matter of seconds.
The Harmony platform is hosted on the Ethereum blockchain network which is also intended to overcome the limitations of the Ethereum network.
Harmony ONE is coming to offer a solution related to functionality and interoperability as well as maximum scalability to manage and deploy Dapps.
Another goal is to create an NFT market with available tools that are starting to grow in users. Harmony ONE will be one of the contributors in Defi which offers fast block creation in less than one second. It also facilitates better instant transaction speeds than the Ethereum network.
How do Harmony ONE works?
The process of how Harmony ONE works is to create what is called Pangea. While the term Pangea itself refers to a decentralized community of open network nodes.
In Harmony, about 1 thousand Harmony nodes, 64 percent of these nodes are part of the community. As the Pangea community grew, the decentralization of these crypto-asset projects increased. The Pangea community is able to make up validators from over 100 countries. That way, Pangea can create decentralized finance (DeFi), which is accessible by anyone.
According to the whitepaper, Harmony works on a sharded blockchain of which there are currently four. The first is the beacon chain (shard 0), and the others are shard one, shard two, and shard three.
Each sharding can support up to 250 validators. This means the current Harmony network has an upper limit of 1,000 nodes.
Harmony ONE can do an average of 2000 transactions per second. Another interesting fact, each new shard in the network will carry an additional 500 transactions per second. The team itself has the goal of increasing the system to reach 2000 shards in the hope of facilitating 1 million transactions per second across the entire Harmony network.
Harmony ONE founder
The founder of Harmony and who also serves as CEO is Stephen Tse.
Tse has a Ph.D. from Pennsylvania university. Stephen Tse is focused on cryptographic protocols and type theory.
Tse also has experience interning at Microsoft as a researcher. 2006 he began working as a senior engineer at Google. He spent around four years at the company. Then 2011 he founded Spotsetter. This is a successful search engine that was later acquired by Apple. In 2014. Mr. Tse also became the principal engineer for Apple corporation.
Harmony is a startup that found in 2017. The founding team of Harmony consists of twelve people, seven of whom are former employees at Google, Apple, Microsoft, and Amazon.
When did Harmony ONE launch
Harmony development began in 2017. But Harmony launched in conjunction with the initial exchange offering on the Binance Launchpad in May 2019.
Before its launch in the fundraising process, Harmony secured major investors such as Silicon Valley’s Consensus Capital, Hong Kong’s Lemniscap VC, and managed to raise $18 million.
After launching its main network in July 2019, Harmony has experienced excellent growth. As of June 2020, 1,000 nodes are contributing to the decentralization of the network.
To support network security, the Harmony Platform created the native ONE token. Anyone who is a holder of ONE token. They can participate in the network for staking and ONE token also serves as a means of payment in the Harmony environment. And developers that use Harmony can create goal alignment and incentives across multiple stakeholders.
Does Harmony ONE have a max supply?
Referring to data from Coinmarketcap, the maximum supply of ONE token is 12,600,000,000 tokens. Where on the press time, there have been 11.57 billion ONE circulating supply.
But there is a data difference between Coinmarketcap and Coingecko, where the Maximum supply of Harmony ONE tokens based on Coingecko is 13,156,044,839 tokens, with a total supply of 13,156,044,839 ONE.
Harmoni ONE token serves as a means of payment across the network and “staking”, which is useful for securing the blockchain of the Harmony network.
The advantages of Harmony ONE token
- Harmony offers the advantage of convenience for validators and delegators to the network.
- Harmony ONE coming to solve the problem of the security, scalability, and decentralization issues of blockchain. And there are private functions and layer-2 scaling solutions.
- Harmony has released Horizon, in October 2020. Horizon is a two-way bridge between Ethereum. In the same year, Harmony launched Swoop. It is Horizon’s native decentralized exchange (DEX).
- The ONE token after launch getting significant growth with an ROI of 7070.8% according to Coingecko.
How much Harmony ONE to stake?
The token holder can stake their tokens and earn rewards. They can choose to become delegators. Then delegator chooses good validators and later gets earnings if the validator manages to get a reward. The distribution of rewards depends proportionally on the number of tokens staked.
To become a delegate and stake ONE token, you can go to https://staking.harmony.one/validators/mainnet.
You are free to choose any validator that you think is the best and get a reward amid intense competition between validators.
Meanwhile, if you want to risk becoming a validator, the steps are quite complicated for non-expert users. Because it requires programming skills using a minimum computer with a minimum of 8 GB RAM, 486GB storage for Shard 0, and an extra 15 GB for Shard 1, 2, and 3. With Operating system Latest Ubuntu Linux.
There is another way for staking ONE token is to link the Trustwallet wallet with the Frontier wallet. Frontier is a non-custodial wallet that allows you to store cryptocurrencies and invest in Defi and NFT.
How to buy Harmony ONE coin?
Register of exchanges that support Harmony ONE
You can compare exchanges that provide Harmony ONE from several exchanges. And looking for the exchange with the lowest possible purchase fee. Find an exchange with low fees, if you buy a large number of tokens you will benefit.
Verify account if required
Most crypto exchanges comply with KYC and anti-money laundering rules. Depending on the exchange policy, you may be required to verify your account. So you need to send ID card documents and proof of address.
Fund your account
To buy Harmoni ONE tokens, you need funds, depending on the availability of payment methods on the exchange. Maybe it only supports payments with cryptocurrencies or using a credit card. Money required to buy tokens.
Buy Harmony ONE coin
Next, find the Harmoni token on the exchange and enter the amount you want to buy. It will automatically be converted into the value of your ONE token after you fill in a certain amount of purchase value.
What exchanges have Harmony ONE?
Harmony ONE is already available on several popular exchanges, this includes high-liquidity tokens. Here are some exchanges that have Harmony ONE.
The Kucoin Exchange has been listing Harmony ONE since 2019, August 22 to be exact, where Kucoin users can buy or sell Harmony with pairs on ONE/BTC and ONE/USDT.
It is a crypto exchange that supports multiple crypto assets, which has a native CRO token. Crypto.com users can purchase Harmony ONE tokens by credit card or bank transfer.
The Gate.io exchange offers discount fees. If users trade with high volumes hence allows them to get lower fees. Users can buy ONE with USDT, BTC, etc.
Huobi Global users can buy Harmony ONE or trade buy and sell on ONE/USDT, ONE/BTC OR ONE/HT. This exchange provides a wide range of cryptocurrency pairs to trade using a user-friendly trading platform.
Binance the largest crypto exchange also supports the Harmony ONE token, this exchange has a low fee structure when using BNB which is Binance’s native token.
Pancakeswap v2 is a decentralized exchange On this exchange allows users to buy and invest various crypto assets including Harmony ONE.
HitBTC exchange has Harmony ONE, the company using platform Tradingview. Here users can trade Harmony ONE with Bitcoin.
Harmony ONE price prediction
The price of the Harmony ONE is currently around $0.2, will it reach $1? Below are predictions from some of the most popular forecasting sites for the future of Harmony ONE.
Priceprediction forecasting site, they predicts the price of Harmony will increase by an average increase of 9% per year. And in 2030 forecasts the price of ONE hits $6.72.
Wallet Investors made a forecast that Harmony ONE is an awesome long term investment, which in 2022 is predicted to reach $0.511, and in 2026 it will be $1,464 in the next five years.
Gov Capital predicts Garmony ONE is a good asset in the future, where in the next year at the end of 2022 the price of ONE will reach $0.486 and in the next five years at the end of 2026 it will reach $2,613
Coinquora also predicts the price of Harmony ONE token will increase by 2022 to reach $2, with a significant increase to $6.5 in 2025.
Tradingbeast predicts the price of Harmony ONE will also rise gradually, but not too extreme, in 2024 it is forecasted that the price will not reach $1, only $0.45 is expected
Is Harmony ONE a good investment in 2021
The future of Harmony ONE will depend on the community and investors involved. Several forecasting sites give a good rating on Harmony. But it is not a prediction that is sure to come true.
Besides the fundamental factors of Harmony, it can also be affected by cryptocurrency regulations globally.
While analyzing data from Coinmarketcap, with an average daily volume of $100 million, the figure may not be too high to increase volatility.
And a market capitalization of around $2 billion Harmony’s market is still vulnerable to risk. In terms of competition with other cryptocurrencies, such as Cardano, Solana, and so on, it can also affect the adoption of Harmony.
Uncovering the concepts and solutions offered by Harmony, as well as the experienced founders. It provides added value for Harmony. And the reputation of the founders being credible and very supportive partners. Such as Travala, Binance, Ledger, and more is also good value for the future of Harmony.
What will Harmony ONE be worth in 2030?
If you look at the community and team members, the concept of economy and functionality that offers a faster process than Ethereum, it is certainly a good foundation to build the future of Harmony.
Some forecasting sites even predict the price of ONE token will be in the range of $4 to $6.5 in the long term. However cryptocurrency assets are risky, this is not official government-issued money. Crypto investors are advised to stick to the golden rule of high-risk investments. Just spent money that affords to lose.
How high can Harmony ONE go?
The price of Harmony had scored an all-time high on October 26, 2021, two months ago, at $0.3798 according to Coinmarketcap. And at the end of December 31st, the price of ONE was still in the $0.2 range, hopes of a price reaching $1 failed in 2021.
But of course, 2022 gives new hope for Harmony, even though it may still be hard to reach $1, but the potential for repeating the all-time high price is still possible.
But some investors still believe the price of Harmony could reach $10 in the next ten or fifteen years. The basic reason is the growth of cryptocurrencies globally, which is getting more and more enthusiasts from young people, especially in the adoption of NFT.
Can Harmony ONE hit $1?
Since Harmony was launched, the price of ONE token has never reached $1, even the all-time high is still below $0.5. That means it’s still hard for Harmony to reach $1. Only extraordinary demand can bring Harmony’s price to $1.
But some investors believe the price of the Harmony could reach $1 by 2022, but the outcome will remain an unanswered question.
Harmony price by Tradingview
Harmony ONE is one of the crypto assets in Coinmarketcap’s top 100, ranking #55 on the watchlist by more than 385,853 users. ONE investment may make someone a millionaire, but it requires a large capital not just $100.
If one invests in Harmony, doing more in-depth research may be able to minimize investment risk. So it can be a consideration of the number of funds to be invested.
Note: this article is informational only and does not constitute investment advice. Each investor is responsible for their investment.
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